The IPO of Knack Packaging witnessed subscription of over 3 times so far on Thursday, the second day of the bidding process. The retail investor segment of the Rs 439.5 crore issue was subscribed 1.84 times, reflecting steady participation from individual investors.
In the grey market, the company’s shares command a premium of around 16% over the upper price band, hinting at a healthy listing gain if current trends hold. The public issue will remain open for subscription until July 3.
